Archive for June, 2010
Stock Tips And Market Updates For Today
News Bits To Watch out for
- JSPL to bid for 60% stake in Zimbabwe steel firm Zisco
- RIL reconnects with telecom after 5 years
- FIIs net bought Rs 1348 crore in F&O on Friday
- Air India to get Rs 1,200-cr equity
- HUL board approves share buyback
BUY RIIL
Above 765
Target 795-820
Stoploss 758
Buy BANK OF INDIA
Targets 340 355 370 385
WITH SL 310
Buy BOB BANK
Targets 750 765 780 800
WITH SL 730
Buy AXIS BANK
Targets 1250 1300
WITH SL 1165
Buy CANARA BANK
Targets 425 435 445 455
WITH SL 405
Buy HDFC BANK
Target 1900 1950 2000
WITH SL 1820
Buy HINDALCO
Target 135 140 145 150
WITH SL 125
Buy ICICI BANK
Targets 850 865 880 895
WITH SL 800
Buy PATNI
Targets 595 610 625 640
WITH SL 570
Buy SBI BANK
Targets 2340 2450
WITH SL 2190
Buy LIC HUS
Targets 960 975 990
WITH SL 945
Buy BANK NIFTY
Targets 9350 9550 9750
WITH SL 8900
Buy INFOSYS
Targets 2700 2825
WITH SL 2580
Buy ABIRNOVO
Targets 750 765 780
WITH SL 720
Buy ULTRATECH
Targets 950 965 980 995
WITH SL 900
Stock Calls/Market Tips For Today
Nifty Outlook & Analysis
Nifty Resistance
5110, 5125, 5135, 5150, 5165, 5185, 5200, 5220
Nifty support
5070, 5060, 5045, 5025, 4995.
If Nifty remains above 5125-5135 zone, it will try to touch further higher levels.
Above 5135 next major resistance will be faced at 5165-5185 zone.
If nifty fails to touch or move above this zone, again Nifty will give up its gains and fall to lower levels.
Intraday Stock Tips
RELIANCE CAPITAL
Buy this stock above 690
Targets of 696, 703, 709
Stop Loss at 682.
TATA MOTORS
Buy this stock above 764
Targets of 770, 775, 780
Stop Loss at 756.
SESAGOA
Above 355
Target 364-375
Stoploss 350
CenturyTxt
Buy Below 450
Target 465
Stoploss 435
(Very short term delivery call)
India Motor Parts and Accessories Limited Reports Audited Earnings Results for the Fourth Quarter and FY09
India Motor Parts and Accessories Limited which also makes good car spoiler for Indian Cars reported audited earnings results for the fourth quarter and year ended March 31, 2010. For the quarter, the company reported net profit of INR 75.8 million or INR 18.22 per basic and diluted share on total income of INR 936.0 million compared to net profit of INR 54.6 million or INR 13.13 per basic and diluted share on total income of INR 736 million for the same quarter last year. The company reported profit from ordinary activities before tax of INR 108.5 million compared to INR 78.9 million for the same quarter last year.
For the year, the company which claims to be manufacturing best car spoiler in Indian market reported net profit of INR 246.7 million or INR 59.31 per basic and diluted share on total income of INR 3,592.6 million compared to net profit of INR 173.8 million or INR 41.77 per basic and diluted share on total income of INR 3,014.9 million for the last year. The company reported profit from ordinary activities before tax of INR 360.9 million compared to INR 253.1 million for the last year.
Market Cap 215.06
EPS (TTM) 59.31
P/E 8.72
P/C 8.45
Book Value 292.36
Price/Book 1.77
Div(%) 120.00%
Div Yield(%) 2.32
Market Lot 1.00
Face Value 10.00
Industry P/E 148.35
Twitter @stockcallsindia
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